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  • GE's Immelt on Global Recovery and a New Age for US Economy

    General Electric CEO Jeffrey Immelt weighs in on the state of the global economy in this interview with Charlie Rose . He says we are in a "tough situation." and that while there is recovery in emerging economies (China, Brazil), "headwinds" are going to keep slowing down the US economy. And, he tells Rose, "this is more than just a cycle....This company and this country is going to come out the other side, I think, looking differently."
  • Head of GE Aviation on Leading Through Economic Crisis

    Henry Hubschman is the head of GE Commercial Aviation Services . He says the airline industry didn't have to wait until the global economic crisis hit to experience a rocky business climate. And his company developed its response to the downturn at the beginning of the decade, after the 9-11 World Trade Center attacks. And now, GE can take advantage of a countercyclical approach. But communication is key for any company strategy. Motivated people want the company to succeed, he says, so when the company takes on bigger challenges, they will be on board as long as they are in the loop. With managers located throughout the world, he needed to develop system-wide strategies to make sure everyone was on the same page. Here is Hubschman speaking at the Wharton School of the University of Pennsylvania about his company, the global economic crisis, and leading through challenging periods: